Ciena (NYSE:CIEN – Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Wednesday, September 4th. Analysts expect Ciena to post earnings of $0.26 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Ciena (NYSE:CIEN – Get Free Report) last posted its quarterly earnings data on Thursday, June 6th. The communications equipment provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.12. The business had revenue of $910.80 million during the quarter, compared to analysts’ expectations of $895.80 million. Ciena had a return on equity of 7.16% and a net margin of 3.71%. The firm’s revenue was down 19.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 EPS. On average, analysts expect Ciena to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Ciena Stock Performance
CIEN opened at $57.02 on Wednesday. Ciena has a 12-month low of $39.94 and a 12-month high of $63.24. The firm has a market capitalization of $8.19 billion, a P/E ratio of 54.83, a price-to-earnings-growth ratio of 5.35 and a beta of 0.94. The stock’s 50 day moving average price is $49.82 and its two-hundred day moving average price is $49.92. The company has a quick ratio of 2.76, a current ratio of 3.88 and a debt-to-equity ratio of 0.53.
Insider Transactions at Ciena
Analyst Ratings Changes
Several equities analysts recently issued reports on CIEN shares. Rosenblatt Securities boosted their price target on Ciena from $52.50 to $54.00 and gave the company a “neutral” rating in a research note on Friday, June 7th. B. Riley lowered their price objective on Ciena from $68.00 to $66.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Morgan Stanley raised Ciena from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $53.00 to $55.00 in a research report on Wednesday, June 12th. Raymond James lowered shares of Ciena from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from $59.00 to $54.00 in a report on Thursday, June 6th. Finally, Needham & Company LLC raised their price objective on shares of Ciena from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $57.25.
Read Our Latest Stock Analysis on CIEN
About Ciena
Ciena Corporation provides hardware and software services for delivery of video, data, and voice traffic metro, aggregation, and access communications network worldwide. The company's Networking Platforms segment offers convergence of coherent optical transport, open optical networking, optical transport network switching, IP routing, and switching services.
Featured Articles
- Five stocks we like better than Ciena
- How to Calculate Return on Investment (ROI)
- Study: How Much Are Retirees Earning from Side Hustles in 2024?
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Brinker International Offers a Pullback Opportunity on EPS Miss
- How to Calculate Inflation Rate
- Globant Is an Emerging AI Play That’s Expanding Its Footprint
Receive News & Ratings for Ciena Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ciena and related companies with MarketBeat.com's FREE daily email newsletter.